Business: Avoiding Those Nasty Tax Audits

A specter is haunting the tens of millions of Americans who are now
sitting down to figure out their income taxes for 1977. Of the 88
million people who file income tax returns, more than 2 million will
eventually receive a deceptively amiable form letter from the Internal
Revenue Service that reads in part: "We are examining your federal
income tax return for the above year(s) and find we need additional
information." Translation: these taxpayers' returns for 1977or
perhaps as far back as 1975 will be audited. Two out of three...